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Deutsche Bank

The Moral Compass Missing From The Greatest Trade Ever

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

As much as anything, what killed Lehman was Dick Fuld's emasculation of the risk management function, which served as a moral compass.

Deutsche Bank: U.K. Bonus Tax To Be Plans to Spread Costs of Globally

bloomberg.com | Aaron Kirchfeld | Posted 05.25.2011 | Business

Dec. 18 (Bloomberg) -- Deutsche Bank AG, Germany's biggest bank, plans to spread the costs of the U.K. bonus tax to all employees worldwide, risking a...

U.K. Bonus Tax Didn't Deter Banks From Paying Bonuses: Report

nytimes.com | Posted 05.25.2011 | Business

As a deterrent, the measure to tax bonus payments of more than �25,000 at a one-off rate of 50 percent has failed, as many banks decided to pay the ...

Could We Expect Anything From the Pittsburgh Summit of the G-20?

Georges Ugeux | Posted 05.25.2011 | World
Georges Ugeux

Never was the G-20 intended to be anything else than a technical forum meeting twice a year. It has no power, no administration, let alone any authority.

Activists Protest Deutsche Bank Golf Tournament

Richard Zombeck | Posted 05.25.2011 | Politics
Richard Zombeck

Deutsche Bank holds the record in Massachusetts for the most evictions of any bank. It is responsible for 17 percent of all evictions in the state, according to activists at the protest.

Judge Arthur Schack Fights The Foreclosure Crisis, One Case At A Time

New York Times | MICHAEL POWELL | Posted 05.25.2011 | New York

The judge waves you into his chambers in the State Supreme Court building in Brooklyn, past the caveat taped to his wall -- "Be sure brain in gear bef...

Commercial Real Estate Is an Impending Disaster

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Many of us know of people who have lost their homes through foreclosure. To a lesser extent we hear about struggling commercial properties vying for a limited pool of tenants.

FDNY Disciplines 7 In Deadly Deutsche Bank Fire

CBS | Posted 05.25.2011 | New York

New York City's Fire Department has disciplined seven commanders over mistakes that led up to a deadly fire at a ground zero office tower in 2007. Th...

AIG, Toxic Assets and the Call to Personal Sacrifice

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

If there has ever been an example of "sow and ye shall reap" gone awry, it is the madcap stripping of the national treasure by those who have brought us to the edge of the cliff.

AIG Aid: Top U.S. And European Banks Got $50 Billion From Company's Bailout

Wall Street Journal | SERENA NG and CARRICK MOLLENKAMP | Posted 05.25.2011 | Business

The beneficiaries of the government's bailout of American International Group Inc. include at least two dozen U.S. and foreign financial institutions ...

Citigroup as the "Grim Reaper"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

In an earlier post, I ended by paraphrasing Lenin, "Wall Street will sell us the rope to hang American Capitalism." Well, in Citigroup we have created the perfect "Grim Reaper."

Deutsche Bank To Report $5 Billion Loss For 2008

AP | DAVID RISING | Posted 05.25.2011 | Business

BERLIN — Deutsche Bank AG, Germany's biggest bank, said Wednesday it lost an estimated euro4.8 billion ($6.4 billion) in last year's fourth quar...

Flashback: "Citigroup's Self-Immolation and the Beginning of the Eclipse of American Style Capitalism"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Sorry, I was wrong ten months ago. The Citigroup bell has not tolled. The rot at the heart of American capitalism continues unabated.

Trump Sues Deutsche Bank Over Tower

Reuters | Grant McCool and Matthew Lewis | Posted 05.25.2011 | Chicago

Luxury hotel and resort developer Donald Trump sued Deutsche Bank and several other banks on Monday, demanding $3 billion in damages, claiming they br...

Trump Tower Hits Snags

The Wall Street Journal | Alex Frangos | Posted 05.25.2011 | Chicago

Donald Trump's tallest construction project ever is facing some tall challenges. Many real-estate developers are under pressure these days as lenders...

Deutsche Bank Calls for A Green Economic Recovery Plan

Frances Beinecke | Posted 05.25.2011 | Green
Frances Beinecke

If these trends in the fossil fuel markets continue, prices will drop, but that means companies won't invest in new projects. Inevitability, we will be looking at a brownout future.

New York Psychiatrist Uses Verbal Abuse On Wall Street Clients

The Daily Beast | Dr. Stephen Josephson | Posted 05.25.2011 | Business

A New York psychiatrist says caustic verbal abuse is the best treatment for traumatized Wall Street jocks. Last week the bottom dropped out of the fi...

Paramount, Deutsche Bank Drop $450 Million Movie Financing Deal

AP | Posted 05.25.2011 | Business

LOS ANGELES — A tight credit market prompted Viacom Inc.'s movie-making subsidiary, Paramount Pictures, to drop a deal for $450 million in finan...

Green Banking, Good Banking

John Tepper Marlin | Posted 05.25.2011 | Green
John Tepper Marlin

If Ceres Climate Change ratings had been used as a proxy for long-term thinking, they would have been helpful. They would, in the context of the illiquidity of the credit markets, have been a good predictor of the Bankers Panic of 2008.

Bernanke To Address Congress This Week

Reuters | Posted 05.25.2011 | Business

Housing's in the tank, banks are scared to lend, but oil is at $100 a barrel and inflation is threatening to pick up -- what's a central banker to do?...

Deutsche Bank's Ackermann Rejects Citi's CEO Job

New York Post | ZACHERY KOUWE | Posted 05.25.2011 | Business

Deutsche Bank boss Josef Ackermann is the latest executive to turn down a chance to be the top dog at Citigroup - a sign there could be more trouble a...

NYSE Censures 15 Firms

Wall Street Journal | JAIME LEVY PESSIN | Posted 05.25.2011 | Business

NYSE Regulation said it censured and fined 14 member brokerage firms and one former member firm a total of $10.4 million for prospectus-delivery failu...

Deutsche Bank To Write Off About $3.12 Bil

AP | Matt Moore | Posted 05.25.2011 | Business

Deutsche Bank AG said Wednesday it will write off around $3.12 billion related to the U.S. mortgage morass, but that gains from asset sales and tax cr...